Retail & Commercial

Citigroup has agreed to issue private-label credit cards for Wawa, a Mid-Atlantic convenience store chain.

The $4.8 billion-asset HomeStreet said in a press release Monday that it will pay $49.8 million in stock, or $11.70 a share, and $5.5 million in cash for the $200 million-asset Orange County Business Bank.

The $417 million-asset company appointed John Kaufman, 33, as CFO on Friday, according to a news release. Kaufman was also named CFO of MSB's Millington Savings Bank.

Debt-buying giant Encore Capital Group officials announced Monday that the company is acquiring a controlling stake in Baycorp, one of Australia's largest debt resolution companies. Terms of the deal were not disclosed.

Officials with the Ohio attorney general’s collection-enforcement division report that approximately $34 billion in government debt owed by corporations and consumers is being pursued by 70 outside law firms and third-party agencies.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including how postal banking could help low-income people in the U.S. and the continuing debate over interchange fees.

IMGCAP(1)]

Pinnacle Bancorp in Central City, Neb., has agreed to buy Woodhaven National Bank in Fort Worth, Texas.

The collaboration between financial institutions and technology firms runs deep, but banks' recent criticism of lax regulatory oversight for nonbanks reveals fissures.

Cardinal Financial made a big push into wealth management a decade ago. Today, it remains an inconsistent business, though management is optimistic about the future.